GPU Economics
4 statements · 2018–2018
Ten million servers sit comatose while 76% struggle with cloud costs
S1E2 - Greg Osuri (CryptoChange.News)
“RightScale… they quantified it saying 76% of the respondents complained managing cloud cost is a big problem… And on the other side, you have 85% of server capacity across the globe that’s not used. I think Stanford did a study in 2015… they estimated that about 10 million servers are in [a] comatose state… Not touched for six months.” — Greg Osuri, 00:41:31
Context: The data behind Akash’s founding thesis (quote spans into the 00:42:12 block); he says the tech to exploit it took three years to build because “making an application work anywhere in the world on any data center is not easy.”
85% of server capacity sits underutilized
Serverless Panel: Komal Mangtani, Greg Osuri, Guillermo Rauch, Gwen Shapira (Kong)
“What we do is we tap into slack server capacity that’s underutilized — I mean, eighty-five percent of capacity out there today sits underutilized in most of the servers, and our job is to bring them, aggregate, and provide an interface.” — Greg Osuri, 00:18:16
Context: Answering a question about vendor lock-in and cloud affordability; the founding supply-side statistic for Akash.
85% of server capacity sits unused
CEO of Overclock Labs On the World of Blockchain & Upcoming Technology In Development (CoinBundle)
“I wanted to solve the cost problem by tapping into slack capacity — the 85% of server capacity today sits unused. Extreme example would be Intuit… they run at 97 or so percent capacity; come April 16th, they drop it down to three or four percent.” — Greg Osuri, 00:09:34
Context: The founding supply-side thesis for Akash: enterprises provision for peak, leaving idle capacity that a marketplace can monetize. Recurring statistic in his later talks.
Akash can cut cloud prices 50% now, 90% at scale
CEO of Overclock Labs On the World of Blockchain & Upcoming Technology In Development (CoinBundle)
“Some of our customers are paying huge amounts to the cloud today, and we believe we can bring that price down by 90% by creating this decentralized economy. Right now with our supply we can guarantee a 50% reduction in price; with our current ecosystem we will try to get to 90% with higher demand.” — Greg Osuri, 00:22:38
Context: Explaining the AKT token’s role as pure exchange of value between businesses with spare capacity and customers seeking price relief.